Legal & General Investments has launched a range of five risk targeted multi-asset funds with an AMC of just 0.25%, as it looks to benefit from the move by advisers to outsource fund selection.
The L&G Multi-Index 3, 4, 5, 6 and 7 funds will be run by an 18-strong investment team, with the launch coming just months after the group poached Aviva Investors' multi-asset manager Justin Onuekwusi. Onuekwusi is set to start in his new role at the end of the month. The new funds will invest in equities and bonds, as well as property, through L&G's tracker funds and its UK Property trust. Each fund targets a specific risk rating, with the asset allocation set using data from Distribution Technology, the independent technology group. The funds are constantly monitored and reba...
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